Author: News Room

The Bitcoin halving is anticipated to occur in the second half of April this year. Like real-world gold, bitcoin is considered by many to be “digital gold,” with a maximum supply of 21 million coins. As the Bitcoin halving draws near, many are concerned that miners will endure an inevitable revenue cut following the major event. Mining bitcoin has previously been a profitable way for people to earn rewards while simultaneously securing the network. Fisher Yu is the co-founder of Babylon, a project aiming to create a Bitcoin-secured proof-of-stake economy. He noted the motivation behind early participation in Bitcoin’s proof-of-work…

In an exciting development for the world of decentralized finance (DeFi), INTMAX, the pioneering force behind Plasma Next—an advanced Ethereum scalability platform—has joined forces with IdeaSoft, a key player within the Sigma Software Group known for its innovative blockchain fintech solutions. Together, they’re set to revolutionize the DeFi landscape with the introduction of JIBx, a perpetual decentralized exchange (DEX) built on the Plasma Next framework. Plasma Next, an evolution of the Plasma scalability solution originally proposed by Ethereum luminaries Joseph Poon and Vitalik Buterin, represents a significant advancement in blockchain technology. By employing zero-knowledge proofs and eliminating the need for…

Dogecoin (DOGE) has spiked 44% over the past week, capitalizing on the recent market-wide rebound to surpass Cardano (ADA), with its eyes now set on XRP. Dogecoin had witnessed one of the largest declines during the recent crypto market slump, dropping 40.6% from the previous yearly high of $0.2067 on March 5 to a low of $0.1226 on March 20. Interestingly, being one of the biggest losers in the previous market downturn, DOGE has now secured a spot among the biggest gainers amid the market recovery. Dogecoin secured a massive 18.56% intraday increase on March 20, essentially breaching multiple resistance…

The Ethereum blockchain, known for its pivotal role in the cryptocurrency and decentralized application sectors, recently encountered significant disruptions. With the emergence of missing blocks on its mainnet, concerns have been raised regarding the network’s reliability. Ethereum developers are actively investigating the causes behind these issues, aiming to restore stability and maintain the network’s performance integrity. In related news, Larry Fink, CEO of BlackRock, the world’s largest asset management firm, shared insights into the feasibility of launching an Ethereum ETF, even under the potential classification of Ethereum as a security. This discussion arises amidst ongoing debates on cryptocurrency regulation, specifically…

Arrow Markets has launched a new platform for trading non-U.S. crypto options, aiming to simplify the trading process for users internationally. The initiative seeks to fill a gap in the market, akin to the role Robinhood plays in the U.S. for stock options trading, but focusing on the defi sector. Supported by Framework Ventures, Delphi Ventures, and Blizzard the Avalanche Ecosystem Fund, Arrow Markets is aiming to capture a significant portion of the defi options market. The platform operates on Avalanche’s C-chain and introduces a Request-for-Execution (RFE) system that enhances the traditional Request-for-Quote (RFQ) approach by leveraging blockchain technology to…

As a US District Court judge sentenced Sam Bankman-Fried (SBF) to 25 years in prison, the judge reminded the fallen crypto leader that he voluntarily committed perjury three times during his trial. Sadly, criminal conduct is unremarkable among businessmen in the digital asset space. For years, founders of crypto projects have withheld information, lied, failed to register with appropriate regulatory agencies, or executed complicated schemes to evade regulations. Crypto perjury has a particularly long-standing tradition. Perjury is a serious crime because it is often an additional, voluntary action that criminals choose to commit after they have already committed more serious…

Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy. The breakthrough could finally put an end to a long-standing crypto impasse in Moscow. It could also see Russia belatedly start regulating the crypto sector. Russian Government’s Crypto ‘Breakthrough’ According to the media outlet RBC, the Ministry of Finance, the Central Bank, and Rosfinmonitoring have “agreed on an approach to regulating cryptocurrencies.” Rosfinmonitoring is the country’s anti-money laundering and counter-terrorism financing agency. It has recently called for Moscow to fast-track crypto regulations after the Financial Action Task Force (FATF)…

The Injective (INJ) price dynamics reveal that 83% of active holders are at break-even, hinting they’re awaiting a price rebound. Concurrently, INJ’s active addresses have recently increased after a late March dip. Additionally, the EMA lines suggest a solid consolidation pattern following a 14.62% correction last month. This combination of factors signals a potential upward trajectory for INJ as the market stabilizes and investors remain hopeful. These Holders Can Prevent Selling Pressure The INJ price has recently shown signs of recovery, growing 5% in the last seven days. This comes after INJ decreased from $51 on March 12 to $35.48…

This week, 21.co’s onchain data analyst Tom Wan presented figures revealing that tokenized U.S. Treasury bonds on public blockchains have surpassed the $1 billion mark. The analyst highlighted that Blackrock’s BUIDL experienced significant growth of 400%, escalating from $40 million to $240 million within a span of a week. The Rise of Tokenized Real-World Assets […] Read the full article here

The founder and CEO of Galaxy Digital is predicting that the US’s ballooning debt will quicken the adoption of Bitcoin (BTC). In a new Bloomberg interview, Mike Novogratz says that more investors are understanding the wisdom of having exposure to Bitcoin in the face of the US’s mounting debt, which threatens to debase the US dollar. “Each 100 days our government’s adding a trillion dollars of debt. We’re at $34 trillion. We will be at $35 trillion and then $40 trillion. That story is so powerful. It makes it easy for salespeople, for registered investment advisors, to tell their clients…